v3.26.1
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents the disaggregation of the Company’s oil revenues and natural gas and NGL revenues for the three and six months ended June 30, 2026 and 2025.

Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2026202520262025
Oil Sales$559,264 $402,672 $998,346 $862,354 
Natural Gas and NGL Sales (1)
111,532 171,697 212,305 288,967 
Total$670,796 $574,369 $1,210,651 $1,151,321 
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(1)Balances for the three and six months ended June 30, 2025 include $81.7 million in legal settlement from an Operator in North Dakota.
Schedule of Reconciliation of Denominators Used to Calculate Basic and Diluted EPS
The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the three and six months ended June 30, 2026 and 2025 are as follows:

Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands, except share and per share data)2026202520262025
Net Income (Loss) Attributable to Common Stockholders
$236,628 $99,585 $(286,219)$238,567 
Weighted Average Common Shares Outstanding:
Weighted Average Common Shares Outstanding – Basic105,871,269 98,060,407 102,207,355 98,308,686 
Plus: Dilutive Effect of Restricted Stock and Contingently Issuable Shares2,220,097 1,334,132 — 1,383,447 
Weighted Average Common Shares Outstanding – Diluted108,091,366 99,394,539 102,207,355 99,692,134 
Net Income (Loss) per Common Share:
Basic$2.24 $1.02 $(2.80)$2.43 
Diluted$2.19 $1.00 $(2.80)$2.39 
Shares Excluded from EPS Due to Anti-Dilutive Effect:
Restricted Stock89,037 63,093 2,075,976 74,873 
Schedule of Supplemental Cash Flow Information
The following table reflects the Company’s supplemental cash flow information for the three and six months ended June 30, 2026 and 2025:

Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2026202520262025
Supplemental Cash Items:
Cash Paid During the Period for Interest$77,636 $43,714 $85,975 $85,602 
Cash Paid (Refunded) During the Period for Income Taxes, Net
U.S. Federal— — — (1,950)
U.S. State and Local:5 665 447 (345)
Non-cash Investing Activities:
Capital Expenditures on Oil and Natural Gas Properties Included in Accounts Payable and Accrued Liabilities359,958 295,758 359,958 295,758 
Capitalized Asset Retirement Obligations871 1,294 2,480 2,184 
Issuance of Common Stock - Acquisition of Oil and Natural Gas Properties 81,388 — 81,388 — 
Contingent Consideration - Acquisition of Oil and Natural Gas Properties9,507 — 9,507 — 
Compensation Costs Capitalized in Oil and Natural Gas Properties255 208 485 402 
Non-cash Financing Activities:
Common Stock Dividends Declared, But Not Paid49,612 44,270 49,612 44,270 
Common Stock Repurchases Included In Accounts Payable and Accrued Liabilities10,244 — 10,244 — 
Repurchases of Common Stock - Excise Tax— 350 — 500